Taking place virtually and in-person on 27 September 2022, the Philippine Gas & LNG Investment Summit (Hybrid Edition) brings together the region’s leading gas and LNG producers, suppliers, TSOs, regulators, traders, bankers and analysts to explore the challenges, opportunities and policy reforms affecting the Philippines’ gas and LNG markets into 2023 and beyond.
Gain expert insights on the changing supply dynamics for gas and LNG as the Philippines attempts to further diversify its energy mix and be updated on global pricing and understand gas and LNG’s role in the energy transition in light of regulatory developments.
The Philippines' Department of Energy estimated that the Malampaya gas-to-power project, the country’s sole provider of natural gas to power around 20% of the country’s needs and 40% of Luzon’s, will be depleted by 2027.
The department is now exploring other options for sourcing energy, which include importing LNG with a goal to transform the Philippines into a leading LNG hub in Asia.
Despite the COVID-19 pandemic, companies with LNG terminal projects said construction of their plants remains on track even with the stop-and-go lockdown restrictions in the country.
There are currently six LNG terminal projects in the country, down from seven after Batangas Clean Energy, Inc. (BCE) failed to secure financing for its project as it was not able to sign up an off-taker for the facility’s output.
The Shell Group, Excelerate L.P., First Gen Corporation, Atlantic Gulf & Pacific Co. of Manila, Inc. and Vires Energy Corporation are building their projects in Batangas where the country’s gas-fired power plants are located - Energy World Gas Operations Philippines, Inc., on the other hand, is building its plant in Pagbilao, Quezon.
The Philippines faces a growing energy crisis and is looking towards liquefied natural gas (LNG) to save the day. Yet, its LNG expansion plans are not the answer — despite pressure from major companies supporting expansion plans. Experience from other Southeast Asian neighbours and their gas adventures show that the route is often costly and risky.
THE Philippine energy system is expected to add capacity of 7,910.96 megawatts (MW) by 2027, with coal-fired plants accounting for 46.68%, natural gas 38.71%, renewable energy (RE) 11.39%, and facilities fueled by oil 6.67%.
The country’s Energy department estimated that the Malampaya gas-to-power project, the country’s sole provider of natural gas to power around 20% of the country’s needs and 40% of Luzon’s, will be depleted by 2027.
The House Committee on Energy on Friday, July 16 approved a bill that seeks to fully develop the Philippine downstream natural gas industry and consolidate all laws relating to the transmission, distribution and the supply of natural gas.
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